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Cost Of Living Increase 2024 Social Security 2024
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Cost Of Living Increase 2024 Social Security 2024. The 2025 cola will be announced in october 2024. A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said.
The average monthly social security benefit as of august 2024 is $1,920. Seniors on social security were thrown a major bone at the start of 2023, when their benefits rose 8.7%.
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